CONSOLIDATED BALANCE SHEETS (USD $) In Thousands	Jun. 30, 2011	Dec. 31, 2010
Current Assets:
Cash and cash equivalents	$ 19,747	$ 22,027
Marketable securities - available-for-sale	64,292	48,985
Accounts receivable	4,439	9,812
Inventories	6,706	2,982
Prepaid expenses and other current assets	3,394	5,011
Total current assets	98,578	88,817
Property and equipment - net	121,677	117,275
Investments in unconsolidated joint ventures	49,750	48,302
Long-term water assets	28,494	28,774
Long-term deferred tax assets	4,149	3,985
Other assets	1,085	938
TOTAL ASSETS	303,733	288,091
Current Liabilities:
Trade accounts payable	2,463	2,187
Other accrued liabilities	554	1,334
Income taxes payable	2,181
Deferred income	2,468	601
Current portion of long-term debt	36	35
Total current liabilities	7,702	4,157
Long-term debt, less current portion	271	290
Long-term deferred gains	2,248	2,277
Other liabilities	3,421	3,196
Pension liability	1,424	1,519
Total liabilities	15,066	11,439
Commitments and contingencies
Tejon Ranch Co. Stockholders' Equity
Common stock	9,933	9,874
Additional paid-in capital	187,730	183,816
Accumulated other comprehensive loss	(2,188)	(2,191)
Retained earnings	53,313	45,215
Total Tejon Ranch Co. Stockholders' Equity	248,788	236,714
Non-controlling interest	39,879	39,938
Total equity	288,667	276,652
TOTAL LIABILITIES AND EQUITY	$ 303,733	$ 288,091